News Archives for Latest - 2020-07-22

Perspectives

Bankers – Unsung Heroes Of COVID-19

COVID-19 impacted lives and economies across the world and showed us that we cannot take things for granted. The...

Updated 23 Jul, 2020 04:05pm

Europe

COVID-19 prompts increased focus on self-care, with Europeans taking their health more seriously to relieve pressure on healthcare systems

significant proportion of Europeans are now taking extra precautions to avoid illness-transmission: Spain 80 %, Italy 79 %, UK 68 %, Germany 60 %

Updated 23 Jul, 2020 01:44pm

Forex

Euro nears 2-year high; Aussie, Kiwi up as risk appetite grows

Currency traders largely shrugged off US-China tensions, although risk appetite in currency markets briefly diminished for about two hours.
"This is part of global reflation and maybe the multiyear bull market in the dollar has come to an end."

Updated 23 Jul, 2020 12:25am

Money & Banking

UniCredit CEO sceptical that COVID-19 will speed up bank mergers

UniCredit CEO Jean Pierre Mustier dismissed as "fantasy" recent media speculation about possible tie-ups involving UniCredit.
There is a lot of uncertainty on what should be the provisioning levels of different banks ... I'm not sure COVID-19 will speed up domestic or cross border M&A.

Published 22 Jul, 2020 11:31pm

Technology

Microsoft may face EU antitrust probe after Slack complaint on tying practice

What we asking for is Teams be separated from the Office Suite and sold separately with a fair commercial price tag, so it competes on the merits with our products.
Microsoft said it look forward to providing information to EU competition enforcers.

Published 22 Jul, 2020 11:28pm

Forex

South African rand firms on risk appetite, poor retail sales dent stocks

The rand was 0.08% firmer at 16.4000 per dollar at 1648 GMT, having reached 16.3450 earlier in the session, its best since June 10.
As the worldwide race for a coronavirus vaccine gathers pace and fiscal stimulus uplifts global sentiment.

Published 22 Jul, 2020 11:27pm

USA

Pompeo urges India to reduce dependence on China

India had a chance to move "supply chains away from China and reduce its reliance on Chinese companies in areas like telecommunications.
"India is in this position because it has earned the trust of many nations around the world, including the United States," Pompeo said.

Published 22 Jul, 2020 11:24pm

Industry

Swiss Re to post $1.1bn first half loss as COVID-19 claims bite

Swiss Re had already booked $476 million of COVID-19 losses, mainly for event cancellations.
Our teams have conducted a thorough and prudent analysis of all potential exposures related to COVID-19.

Published 22 Jul, 2020 11:20pm

Companies

US to pay Pfizer, BioNTech $1.95bn for 100mn COVID-19 vaccine doses

Pfizer and BioNTech will not receive any money from the government unless their vaccine succeeds in large clinical trials and can be successfully manufactured.
The Pfizer/BioNTech candidate is one of the most advanced of over 150 vaccines being developed against COVID-19.

Published 22 Jul, 2020 11:18pm

Commodities

EU wheat edges higher along with Chicago but strong euro weighs

Front-month September on Euronext milling wheat futures settled 0.75 euro higher at 183.75 euros a tonne.
"There is some technical buying in Chicago but the euro keeps rising so we are not able to keep up," one trader said.

Published 22 Jul, 2020 11:15pm

Currency

US home sales rack up record gain; tight supply, COVID-19 seen slowing momentum

Existing home sales increase 20.7% in June.
Housing inventory falls 18.2% on year-on-year basis.
Median house price rises 3.5% year-on-year.

Published 22 Jul, 2020 11:10pm

Stocks

S&P 500, Dow rise as fiscal stimulus hopes offset Sino-US worries

Tesla, Microsoft rise ahead of results.
Snap Inc falls after disappointing user growth forecast.
HCA Healthcare climbs after better-than-expected revenue.
Dow up 0.24%, S&P rises 0.18%, Nasdaq down 0.27%.

Published 22 Jul, 2020 11:07pm

Commodities

Soybeans gain ground on Chinese buying

China soy purchases support prices
US China tensions limit gains
Wheat rebounds after technical correction

Published 22 Jul, 2020 11:06pm

World

US orders China to shut Houston consulate as spying accusations mount

Communist Party rulers in Beijing were considering shutting the US consulate in its central city of Wuhan in retaliation.
The State Department said the move was made "to protect American intellectual property and Americans' private information".

Published 22 Jul, 2020 10:57pm

USA

US CDC reports 3,882,167 coronavirus cases

The CDC reported its tally of cases of the respiratory illness known as COVID-19.
The CDC figures do not necessarily reflect cases reported by individual states.

Published 22 Jul, 2020 10:54pm

Currency

Sudan to begin currency adjustment in August

The private sector will be allowed to import fuel using dollars at the free market price in August as well.
These reforms come as part of the 2020 budget to be formally passed by Sudan's cabinet and sovereign council.

Published 22 Jul, 2020 10:52pm

Pakistan

Prime Minister appoints Amin Aslam as SAPM with Federal Minister's status

According to the notification of Cabinet Division, the SAPM would render his services with the status of Federal Minister with immediate effect.

Published 22 Jul, 2020 09:28pm

Shahzad appointed PM's advisor with federal minister status

According to a notification issued here, Shahzad Akbar will enjoy the status of federal minister.

Published 22 Jul, 2020 09:26pm

Pakistan

PM stresses upon latest, better quality health services in Punjab

He also underlined that special attention should be paid to run the newly established health centers on modern lines and in an organized manner.

Published 22 Jul, 2020 09:24pm

Pakistan

Provision of basic amenities is priority of PTI govt: NA Speaker

He said that basic amenities especially the continuous supply of Electricity is the special concern of parliament.

Published 22 Jul, 2020 09:22pm

Energy

Oil falls as US posts surprise rise in crude inventories

Brent crude fell 55 cents, or 1.2%, to $43.77 a barrel by 10:56 EST (1456 GMT). US West Texas Intermediate (WTI) crude dropped 56 cents, or 1.3%, to $41.36.

Published 22 Jul, 2020 09:20pm

Exchange

Razak reviews implementation of trade policy to promote trade diversification

Razak Dawood underscored that the ministry has a firm belief that reducing duties on raw materials reduces the anti export bias and enhances exports.

Updated 22 Jul, 2020 09:22pm

US Senate Committee approves bill banning TikTok on government devices

TikTok's Chinese ownership and wide popularity among American teens have brought scrutiny from US regulators and lawmakers.

Published 22 Jul, 2020 09:14pm

Business & Finance

Gold rallies on Sino-US woes, silver hits 7-year peak

Spot gold hit its highest since September 2011 in early trade at $1,865.35, and by 11:27 a.m. EDT (1527 GMT) rose 1% to $1,859.86 per ounce.

Published 22 Jul, 2020 09:09pm

Business & Finance

S&P 500 rises as fiscal stimulus hopes offset Sino-US worries

Tesla Inc and Microsoft Corp rose 1.2% and 0.8% in the run up to their quarterly reports due after markets close.

Published 22 Jul, 2020 09:07pm

Business & Finance

Tesla extends rally as traders bet on potential S&P 500 entry

Investors watching the company's quarterly report after the bell will be laser-focused on one question: Was Tesla profitable?

Published 22 Jul, 2020 09:02pm

World

Female leaders doing 'better job' in virus crisis, says Lagarde

Former French finance minister Lagarde, 64, said leadership was about "being both responsible and accountable".

Published 22 Jul, 2020 09:00pm

Africa

Ethiopia's Abiy praises 'historic' start to dam filling

"The fact that we reached this milestone by our own efforts when no one else believed in our capabilities to accomplish such initiatives makes the moment even more historic," he added.

Published 22 Jul, 2020 08:55pm

Exchange

Wirecard ex-CEO, board members arrested for fraud: German prosecutor

"In reality, it was already clear to the accused by the end of 2015 at the latest, that Wirecard group was making losses with its actual businesses."

Published 22 Jul, 2020 08:54pm

US signs $2 billion vaccine deal with Pfizer and BioNTech

It is the biggest deal to date under Operation Warp Speed, intended to accelerate the development, manufacturing, and distribution of coronavirus vaccines, therapeutics, and diagnostics.

Published 22 Jul, 2020 08:51pm

World

Biden teams back up with Obama in new election push

A preview of a sleekly produced discussion between the former president and vice president that will air Thursday features Biden questioning Trump's empathy for Americans during the coronavirus crisis.

Published 22 Jul, 2020 08:49pm

Afghan girl who killed Taliban gunmen 'ready to fight again'

Qamar Gul, 15, killed the militants when they stormed her home last week in a village in the Taywara district of the central province of Ghor.

Published 22 Jul, 2020 08:45pm

World

Greek navy on 'heightened readiness' over Turkish gas exploration

Turkey is at odds with Greece and the European Union over maritime rights in the Eastern Mediterranean amid a scramble for resources following the discovery of huge gas reserves in recent years.

Published 22 Jul, 2020 08:43pm

Business & Finance

Ryanair to shut Frankfurt hub after pilots refuse pay cuts

In contrast earlier this month, Ryanair's British pilots agreed 20-percent pay cuts to save 260 jobs that the airline had wanted to axe.

Published 22 Jul, 2020 08:42pm

USA

Venezuela blasts US reward offer for capture of top official

Venezuela "rejects once again the illegal and coercive actions of the Donald Trump government against the Venezuelan people and its constitutional institutions," it said.

Published 22 Jul, 2020 08:40pm

Pakistan

Railway land worth Rs5.8mn retrieved

The team retrieved 22 marla and four marla land worth Rs. 5.3 million and five lakh respectively.

Published 22 Jul, 2020 08:33pm

Pakistan

NHA striving for early accomplishment of western alignment of CPEC

He said the project links Gwadar Port with National Highway network (N-25) near Surab/Quetta.

Published 22 Jul, 2020 08:31pm

Pakistan

Govt has provided many incentives to exporters for business activities promotion: Razak

Dawood said corona epidemic had caused many problems across the globe but compared to other countries, Pakistan's exports had declined by only six percent.

Published 22 Jul, 2020 08:28pm

Pakistan

TikTok committed to ensure safety of users: Spokesperson

He said, TiKToK offered users a number of controls, tools and privacy settings including easy reporting mechanisms that enables users and law enforcement to report any inappropriate content.

Updated 22 Jul, 2020 08:28pm

Journalist's abduction: IHC CJ says no society can progress by suppressing freedom of expression

Minallah says abduction or enforced disappearance of any citizen is one of the gravest offences and thus cannot be tolerated in a society

Updated 22 Jul, 2020 07:38pm

Pakistan

Ban on Apps to destroy technology industry; hamper progress: Chaudhry Fawad

The federal minister said the courts and Pakistan Telecommunication Authority (PTA) must stay away from moral policing and ban approach.

Published 22 Jul, 2020 06:51pm

Pakistan

Over 10.3 million families benefited from Ehsaas emergency cash program: Sania Nishtar

She said the provision of funds under Ehsaas Programme is purely made on the basis of merit and transparency is ensured throughout the process.

Updated 22 Jul, 2020 06:51pm

Pakistan

PTI govt committed to freedom of media: Shibli

He said the government would continue to strive for the promotion of independent and responsible journalism.

Published 22 Jul, 2020 06:22pm

Pakistan

Sports good’s exports decrease by 14.97pc during FY 2019-20

The exports of all other sports good went down from $51.412 million to $ 47.135 million during the period under review, showing decrease of 8.32 percent.

Published 22 Jul, 2020 06:19pm

Trump says pandemic to 'get worse', Australia sees record infections

Nearly 15 million cases have been confirmed and 615,000 lives lost since the virus was first detected in China late last year.

Published 22 Jul, 2020 06:17pm

Pakistan

NDMA sends Covid-19 protective gear to Sindh hospitals

And 20,289 shoe covers, 3,797 plastic boots have also been sent to Health Care Workers (HCWs) fighting with Covid in Sindh hospitals.

Published 22 Jul, 2020 06:17pm

Pakistan

PM directs placing gas related facts before CCI to resolve issues

The prime minister gave this direction to his Special Assistant on Petroleum Division while chairing a meeting on matters related to gas sector.

Published 22 Jul, 2020 06:15pm

World

China's Houston consulate closed to 'protect American intellectual property': State Department

We have directed the closure of PRC Consulate General Houston, in order to protect American intellectual property and Americans' private information.

Published 22 Jul, 2020 06:15pm

Exchange

Pakistan committed to fraternal ties with Bangladesh: PM

The prime minister expressed these view in a telephone call made to Bangladesh's Prime Minister Sheikh Hasina.

Published 22 Jul, 2020 06:12pm

WHO handling of pandemic led to 'dead Britons': Pompeo

"When push came to shove, when it really mattered most", people died "because of the deal that was made", he said.

Published 22 Jul, 2020 06:13pm

USA

Brief tsunami warning as 7.8 quake hits off Alaska: USGS

8 The shallow quake hit at 0612 GMT Wednesday about 500 miles southwest of Anchorage, and around 60 miles south-southeast of the remote settlement of Perryville, the US Geological Survey said.

Published 22 Jul, 2020 06:11pm

Pakistan

Rice exports increase record 5.12pc

During the period from July-June 2019-20, Rice worth $2,175,493 thousand were exported as compared to the exports of $2,069,618 thousand of same period of last year.

Published 22 Jul, 2020 06:09pm

Middle East

UN warns of alarming rise of hunger in war-torn Yemen

That represents 40 percent of the population in 133 districts in southern Yemen covered by the study, up from 25 percent.

Published 22 Jul, 2020 06:10pm

Pakistan

Zulfikar Bukhari leaves for UAE to address expats' issues

Zulfikar Bukhari would hold meetings with the consulate staff involved in the process of facilitating Overseas Pakistanis during the COVID-19.

Published 22 Jul, 2020 06:06pm

Asia

Giant whale washes up on Indonesian beach

"We think that it's a blue whale but we don't know what caused its death," said local conservation official Lidya Tesa Saputra.

Published 22 Jul, 2020 06:04pm

Exchange

SECP organizes awareness session on GEM and concept of Shelf Registration

SECP’s Commissioner for Securities Market, Shauzab Ali and head of Primary Market Approvals and Development Department Najia Ubaid spoke on the occasion.

Published 22 Jul, 2020 06:04pm

Energy

Italian prosecutors seek 8-year prison term for Eni CEO

Italian investigators suspect the two oil groups used bribes to obtain rights in 2011 to a Nigerian offshore oil block estimated to hold nine billion barrels of crude, for $1.3 billion (1.1 billion euros).

Published 22 Jul, 2020 06:03pm

Pakistan

President urges provinces to ensure SOPs compliance during Eid ul Azha, Muharram

The president lauded the efforts of NCOC team in putting up a robust response to the pandemic and ensuring coordinated actions across the country.

Published 22 Jul, 2020 06:03pm

Pakistan

Excise collects over Rs10mn vehicle tax amid COVID-19

The app was developed by National Information Technology Board (NITB) to provide online services of city administration departments to the federal capital dwellers.

Published 22 Jul, 2020 06:01pm

Asia

Tokyo governor tells residents to stay home over holiday as virus surges

The city is on its highest coronavirus alert level, with experts warning infections appear to be spreading rapidly and widely.

Updated 22 Jul, 2020 06:02pm

Pakistan

Gold price jumps Rs1500 to Rs115,000 per tola

The price of silver at international market increased by $1.56 and was traded at $20.44 against its sale at $20.44.

Published 22 Jul, 2020 05:59pm

Pakistan

Sindh govt entrusts 71 USAID schools to private sector to manage for 10 years

The officials from USAID participated virtually while the Sindh Government and EMO representatives attended the ceremony in-person, observing social distancing protocols.

Published 22 Jul, 2020 05:56pm

Pakistan

No confusion on mode of language for single national curriculum: Shafqat

The teachers would teach in the same language in which a student feel comfortable to learn, he said while chairing 3rd meeting of National Curriculum Council held here at ministry.

Published 22 Jul, 2020 05:55pm

Pakistan

SBP enhances scope of its Renewable Energy Refinance Scheme to encourage clean energy production

Since the introduction of the scheme, total outstanding financing under the Scheme has reached to Rs. 15.6 billion for 217 projects having potential of adding 292 MW of energy supply.

Published 22 Jul, 2020 05:52pm

Pakistan

FBR team briefs traders on amendments in tax laws

Presentations on laws under Finance Act 2020, were followed by a question-answer session.

Updated 22 Jul, 2020 05:52pm

Stocks

Nikkei slips ahead of long weekend, railways hit by virus

East Japan Railway fell 2.9pc to a seven-year low, while West Japan Railway lost 1.7pc to a trough last seen in 2014.

Published 22 Jul, 2020 05:26pm

Europe

Czech coronavirus cases top 5,000 after highest daily rise this month

Authorities had reported 212 new cases by Tuesday night, bringing the total number of active cases to 5,046.

Published 22 Jul, 2020 05:08pm

Hong Kong sets new virus record

The finance hub was one of the first places to be struck by the virus when it emerged from central China.

Published 22 Jul, 2020 05:16pm

USA

Mexico navy implicated in disappearance of 27 people

Twelve of the missing were found dead, and it had "managed to prove" the navy's probable responsibility in the disappearances.

Published 22 Jul, 2020 05:15pm

Stocks

Stocks mostly slide on Trump's coronavirus warning

Trump issued the gloomy warning in his first formal White House virus briefing since the end of April -- and the news sent Asian and European stocks sliding on Wednesday.

Published 22 Jul, 2020 05:10pm

Sports

'Hurt' yet hopeful, Australia's Handscomb eyes 2023 World Cup

The 29-year-old played the last of his 22 ODIs in the 2019 World Cup semi-final.

Published 22 Jul, 2020 05:10pm

Currency

French trial sought for alleged Russian bitcoin criminal

They have also sought an order for Vinnik's continued detention since his extradition in January from Greece, where he was arrested on an American warrant in 2017, the prosecutor's office told AFP.

Published 22 Jul, 2020 05:04pm

Money & Banking

China central bank to pause easing as economy recovers, wary of over-stimulus

China kept its benchmark lending rate steady at 3.85pc for the third straight month, after it was cut by a total of 46 basis points since last August.

Published 22 Jul, 2020 05:01pm

Europe

Ukraine president defends movie post to end hostage crisis

Zelensky described how he negotiated personally on Tuesday evening with a gunman who was holding 13 hostages on a bus in the western city of Lutsk.

Published 22 Jul, 2020 04:58pm

Stocks

S.Korea shares end flat as virus fears offset optimism of EU deal, US stimulus hopes

The benchmark KOSPI fell 0.17 points, or 0.01pc, to 2,228.66.

Published 22 Jul, 2020 04:59pm

Stocks

China shares gain for fourth day on market reforms, Sino-US tensions curb gains

At the close, the Shanghai Composite index was up 0.37% at 3,333.16, while the blue-chip CSI300 index ended 0.5% higher after rising 2.1% earlier in the session.

Published 22 Jul, 2020 04:56pm

World

Russia to subsidise tourists on domestic vacations: PM

The push to boost domestic tourism comes after officials lifted most coronavirus restrictions in June.

Published 22 Jul, 2020 04:52pm

Europe

Russia reports close to 6,000 new coronavirus cases

The country's coronavirus crisis response centre said 165 people had died in the last 24 hours, bringing the official death toll to 12,745.

Published 22 Jul, 2020 04:54pm

Forex

South African rand softens after rally as investors await data signals

The EU will pump at least 750 billion euros ($865 billion) into a package aimed at helping the hardest-hit economies.

Published 22 Jul, 2020 04:51pm

Europe

China consulate threatened 'intellectual property', says US

Spokeswoman Morgan Ortagus was elaborating on the incident that has strained already tense relations between the two world powers, as US Secretary of State Mike Pompeo visited Denmark.

Published 22 Jul, 2020 04:48pm

Money & Banking

S.Korea central bank to end unlimited repo operations by end of July

The bank said it would resume repo operations if volatility in financial markets returns.

Published 22 Jul, 2020 04:48pm

Commodities

CBOT soybeans may fall to $8.86-3/4

Resistance is at $8.94-3/4, a break above which could lead to a gain into $8.97-1/2 to $9.02 range.

Published 22 Jul, 2020 04:46pm

Forex

Russian rouble slips ahead of OFZ bond auctions

The rouble was 0.3pc weaker against the dollar at 70.94, having firmed almost 1pc in the previous trading session, and had lost 0.2pc to trade at 81.72 versus the euro.

Published 22 Jul, 2020 04:44pm

PTA blocks Bigo, issues final warning to TikTok over vulgar content

Chinese Consul General in Karachi warns of 'consequences of acting like a stooge' if TikTok banned

Updated 22 Jul, 2020 04:46pm

World

Egypt homeless, street children hit hard by pandemic scourge

The only good news was that, amid the pandemic fears, physical violence against the destitute has declined, Zeinab told AFP at a mobile shelter for the poor in Abbassiya, a working-class district.

Published 22 Jul, 2020 04:38pm

Commodities

CBOT corn neutral in $3.22-1/2 to $3.26 range

A break below $3.22-1/2 could cause a fall into $3.17 to $3.20-1/4 range while a break above $3.26 could lead to a gain into $3.27-3/4 to $3.29-1/4 range.

Published 22 Jul, 2020 04:41pm

Commodities

CBOT wheat neutral in $5.25 to $5.30-1/4 range

A break above $5.30-1/4 could lead to a gain into $5.34-1/4 to $5.38-1/4 range, while a break below $5.25 could cause a fall to $5.19-1/4.

Published 22 Jul, 2020 04:39pm

Stocks

FTSE 100 retreats as virus fears dent recovery optimism

Turnaround specialist Melrose tumbled 16.7pc to the bottom of the FTSE 100 as it signalled it could cut jobs to combat the coronavirus-led downturn.

Published 22 Jul, 2020 04:37pm

Europe

Virus proves boon for UK unions but challenges remain

But their growing strength could yet be weakened by a wave of job cuts sweeping the country, which is predicted to worsen in the coming months.

Published 22 Jul, 2020 04:35pm

Commodities

New York cocoa may fall to $2,140

The second small wave labelled b ended around $2,140, which works as a target.

Published 22 Jul, 2020 04:36pm

Forex

Kenyan shilling under pressure from surging importer dollar demand

At 0810 GMT, commercial banks quoted the shilling at 107.75/95 per dollar, compared with 107.65/85 at Tuesday's close.

Published 22 Jul, 2020 04:34pm

Stocks

Hong Kong shares fall most in nearly six weeks as Sino-US tensions weigh

The sub-index of the Hang Seng tracking energy shares rose 2.1pc, while the IT sector dipped 4.66pc, the financial sector ended 2.09pc lower and the property sector dipped 2.6pc.

Published 22 Jul, 2020 04:31pm

South Asia

Hong Kong reports record daily rise in coronavirus cases

The city is expanding strict new social distancing measures from midnight Wednesday, mandating face masks in all indoor public areas including malls and markets.

Published 22 Jul, 2020 04:30pm

Energy

UK GAS-Prompt prices lower due to rise in Norwegian imports

Britain's gas system was oversupplied, with demand forecast at 168.3 million cubic metres (mcm) and flows at 179 mcm/day, National Grid data showed.

Published 22 Jul, 2020 04:27pm

Europe

Spain hopes no need to close French border over coronavirus

"Let's hope that with this better data we don't have to close a border that for us is very important for mobility with our European partners."

Published 22 Jul, 2020 04:25pm

Stocks

European stocks in reverse as US-China tensions spike, carmakers slide

The pan-European STOXX 600 was down nearly 1pc, easing from its strongest close since March 5.

Published 22 Jul, 2020 04:25pm

Asia

Indonesia reports 139 new coronavirus deaths, highest daily rise

The number of infections rose by 1,882 to bring the total number to 91,751 in Indonesia, which has the most confirmed cases in East Asia.

Published 22 Jul, 2020 04:22pm

Energy

Oil prices slip as US inventories and virus fears grow

Brent crude fell 60 cents, or 1.4pc, to $43.72 a barrel by 0912 GMT. US West Texas Intermediate (WTI) crude dropped 70 cents, or 1.7pc, to $41.22.

Published 22 Jul, 2020 04:20pm

South Asia

Philippines records 6 new coronavirus deaths, 1,594 more cases

In a bulletin, the ministry said total deaths had reached 1,843, while confirmed cases rose to 72,269.

Published 22 Jul, 2020 04:18pm

Forex

Yuan slumps after China threatens retaliation over consulate closure in US

The onshore spot yuan ended its domestic trading session at 7.0059 per dollar, its weakest closing level in more than a week.

Published 22 Jul, 2020 04:15pm

Forex

Sterling edges lower as no-deal Brexit reports emerge

Sterling was trading down 0.6pc versus the dollar at $1.2653 on Wednesday and versus the euro it was 0.5pc lower at 91.04 pence.

Published 22 Jul, 2020 04:13pm

South Asia

Japan to discuss easing immigration curbs with China, South Korea, Taiwan

TOKYO: Japan's government has decided to begin discussions over easing immigration restrictions with China, South...

Published 22 Jul, 2020 04:11pm

Commodities

South Korean's KFA said to pass in 68,000 T corn tender

This was followed closely by other offers of $196.64, $196.75 and $196.82 all per tonne c&f.

Published 22 Jul, 2020 04:09pm

Europe

EU assembly to raise rule-of-law conditions after summit left matter open

"We think this is an open issue, we want to participate. Here we will not be satisfied with just mentions of principle."

Published 22 Jul, 2020 04:06pm

Is Supreme Court considering banning YouTube in Pakistan?

Court took notice of objectionable content on YouTube against the judiciary.

Updated 22 Jul, 2020 04:09pm

World

Worldwide coronavirus cases cross 15.01 million, death toll at 616,276

Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019.

Published 22 Jul, 2020 04:05pm

Commodities

Japan receives no offers for regular feed-wheat, barley tender

The ministry had sought 80,000 tonnes of feed wheat and 100,000 tonnes of feed barley to be loaded by October 31 and arrive in Japan by Dec. 24 in the tender.

Published 22 Jul, 2020 04:03pm

Money & Banking

Bank of England sets out ways to help small banks grow

Sarah Breeden, the BoE's executive director for UK Deposit Takers Supervision, said many of the new banks authorised since 2014, seem to have underestimated what is needed to become successful.

Published 22 Jul, 2020 04:02pm

Commodities

Gold firms near 9-year high on stimulus bets, silver jumps 5pc

Spot gold rose 0.6pc to $1,853.39 per ounce by 0940 GMT, after earlier hitting its highest since September 2011 at $1,865.35.

Published 22 Jul, 2020 04:00pm

Stocks

Indian shares end lower as earnings momentum stalls, virus cases spike

The NSE Nifty 50 index, up 1.27pc last week after a series of surprisingly upbeat reports from some of the country's biggest companies, fell 0.27pc to 11,132.60.

Published 22 Jul, 2020 03:57pm

Europe

EU fund deal only way to safeguard bloc's single market, monetary union: Italy PM

He added that the EU could not have failed in reaching an agreement or delaying a decision on the issue.

Published 22 Jul, 2020 03:54pm

Commodities

Copper slides on profit-taking, focus on demand outside China

Benchmark copper on the London Metal Exchange was down 0.5pc at $6,500 a tonne at 1026 GMT.

Published 22 Jul, 2020 03:51pm

Industry

Qatar Airways seeks $5bn compensation from Arab bloc over airspace ban

The airline is seeking damages through four investment arbitrations under three treaties, including the Arab Investment Agreement, it said in a statement.

Published 22 Jul, 2020 03:48pm

Sports

Ronaldo targets more records as Juve close in on title

35-year-old is the the first player to achieve a half century of goals in Italy, Spain and England.

Updated 22 Jul, 2020 03:42pm

Exchange

SBP recognizes JS Bank role in driving home remittance

During the year, JS Bank recorded more than 1 million transactions with total remittance value standing at $738mn against $685mn recorded last year, showing an increase of over 7.7 percent.

Published 22 Jul, 2020 03:09pm

Life & Style

Kanye West says he is trying to divorce Kim Kardashian in deleted tweet

West, a former supporter of President Donald Trump, has left voters confused over whether his campaign is genuine or a publicity stunt.

Updated 22 Jul, 2020 02:37pm

Sports

Archer reveals racist abuse, mental fragility after Test ban

The fast bowler has passed on details of the abuse to the English and Wales Cricket Board (ECB).

Published 22 Jul, 2020 02:11pm

SAPM Abdul Hafeez Shaikh removed from National Finance Commission

Shaikh's appointment to the commission, which had been challenged in court, has now been withdrawn.

Published 22 Jul, 2020 02:20pm

Life & Style

Amber Heard says Depp tried to throw her sister down stairs

Though she is accused of fabricating the allegations, Heard has insisted throughout that she's being truthful.

Updated 22 Jul, 2020 02:11pm

Sports

How Waqar Younis’ tips on late swing helped Sohail Khan in intra-squad match

The pacer took five-wicket haul and played a huge part in Team Green’s success in the game.

Published 22 Jul, 2020 01:59pm

Pakistan seeks appointment of lawyer for Kulbhushan Jadhav

The petition was filed by the Federal Ministry of Law and Justice in the IHC.

Published 22 Jul, 2020 12:53pm

Industry

Fawad Chaudhry slams authorities over social media apps ban

Such bans on internet-based apps will destroy Pakistan tech industry and development of technology will be permanently hampered, says Chaudhry.

Published 22 Jul, 2020 01:04pm

Business & Finance

Amazon's Jeff Bezos amass record $13bn in a single day

Amazon founder Jeff Bezos has seen his net worth increase by $74 billion to $189.3 billion this year.

Published 22 Jul, 2020 12:20pm

Technology

TPL Trakker will now power foodpanda’s Mapping for Delivery Services

With the partnership, TPL Maps’ Location-Based Service (LBS) APIs will not only optimize foodpanda’s time efficiency and restaurant selection but also enhance their delivery services with orders delivered to the correct address at the right time.

Published 22 Jul, 2020 12:09pm

Technology

Twitter will suspend accounts tweeting about conspiracy theory group QAnon

The suspensions will be applied to accounts “engaged in violations of our multi-account policy, coordinating abuse around individual victims, or are attempting to evade a previous suspension — something we’ve seen more of in recent weeks,” Twitter said.

Published 22 Jul, 2020 11:11am

Pakistan

Punjab considers opening marriage halls after Eid-ul-Azha

Punjab Minister for Law and Parliamentary Affairs Raja Basharat said they have held meetings with the Marriage Halls Association.

Updated 22 Jul, 2020 11:09am

Commodities

Oil prices slip as U.S. inventories, virus fears grow

Brent crude fell 35 cents, or 0.8%, to $43.97 a barrel by 0541 GMT, and U.S. West Texas Intermediate (WTI) crude dropped 39 cents, or 0.9%, to $41.53.

Published 22 Jul, 2020 11:05am

Forex

Euro stands tall as investors bet recovery hampers dollar, stocks up

The euro's rally was triggered by European Union leaders striking a deal for a region-wide rescue plan, a huge step toward both recovery and a stronger union.

Published 22 Jul, 2020 11:02am

Business & Finance

China's first-half solar panel output jumps 15.7%, industry body says

China has been stripping new solar power projects of subsidy after a record 53-GW capacity increase in 2017 left the state with a payment backlog now in excess of 200 billion yuan ($28.70 billion).

Published 22 Jul, 2020 10:59am

Exchange

How Tesla defined a new era for the global auto industry

Daimler, which bears the name of the man who invented the modern car 134 years ago, bought a nearly 10% Tesla stake in May 2009 in a deal which provided a $50 million lifeline for the struggling start-up.

Published 22 Jul, 2020 10:53am

Technology

Tesla hiring servicing staff in 'unsupportive' Singapore

Listings for five jobs in Singapore on networking website LinkedIn are mainly in servicing and repair, such as a service technician and parts adviser.

Published 22 Jul, 2020 10:50am

Money & Banking

AIIB approves $250mn loan to Pakistan to combat COVID-19

The project will be cofinanced with the World Bank, and will help bolster the government’s Resilient Institutions for Sustainable Economy (RISE) Program.

Published 22 Jul, 2020 10:38am

Currency

Current Account: Bottomed out?

The current account deficit stood at $2.96 billion (1.1% of GDP) in FY20 –the lowest since FY15 in absolute and ...

Published 22 Jul, 2020 08:11am

Currency

Seasonal export(ers)

Food group exports during FY20 have in no way disappointed. Over the last decade – on the other hand – they...

Published 22 Jul, 2020 08:10am

BR Research

Motorcycle market mapped out

Despite a substantial drop in sales this fiscal year, motorcycles together with three-wheeler rickshaws did not...

Published 22 Jul, 2020 08:09am

Currency

Faisal Spinning Mills Limited

Faisal Spinning Mills Limited (PSX: FASM) was established as a public limited company in 1985 under the repealed...

Published 22 Jul, 2020 08:08am

Business & Finance

Norway's Adevinta buys eBay's ad business for $9.2bn

OSLO: Norwegian online ad specialist Adevinta said Tuesday it had reached a $9.2-billion cash and shares deal to buy...

Updated 22 Jul, 2020 04:11am

Sports

Easypaisa partners with PCB

KARACHI: Easypaisa has become the associate partner of the Pakistan Cricket Board for national cricket team's tour ...

Updated 22 Jul, 2020 04:07am

Life & Style

Aaj TV - Wednesday's schedule

KARACHI: All timings are in PST (Pakistan Standard Time). 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55...

Updated 22 Jul, 2020 04:07am

Industry

LinkedIn to cut 960 jobs

WASHINGTON: Professional social network LinkedIn said Tuesday it was cutting 960 jobs, or six percent of its...

Updated 22 Jul, 2020 04:03am

Taxes

Governments' focus on oppressive implication of WHT regime

LAHORE: Both the federal and provincial governments are focusing on the oppressive implication of withholding tax...

Updated 22 Jul, 2020 04:01am

Industry

FTAs, PTAs cause over Rs 45 billion loss: FPCCI

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday said the government had...

Updated 22 Jul, 2020 04:01am

Taxes

RTO-II surpasses collection figures for first time

KARACHI: Regional Tax Office (RTO)-II has made a revenue collection amounting to Rs 104,503.58 million during the...

Updated 22 Jul, 2020 04:01am

Industry

SCCI demands divisional status for Sialkot

SIALKOT: President Sialkot Chamber of Commerce and Industry (SCCI) Muhammad Ashraf Malik has said that the issue of...

Updated 22 Jul, 2020 04:00am

Business & Finance

Swiss watch exports off by 35.1pc in June

ZURICH: Swiss watch exports plunged again in June, an industry body said on Tuesday, though there were early signs ...

Updated 22 Jul, 2020 04:00am

Business & Finance

UK borrowing hits record £128bn during lockdown

LONDON: British state borrowing rocketed to a record £127.9 billion in the three months to June owing to the huge...

Updated 22 Jul, 2020 03:59am

Currency

IBM beats estimates

NEW YORK: International Business Machines Corp beat estimates for second-quarter profit on Monday and signaled that...

Updated 22 Jul, 2020 03:57am

Business & Finance

Coca-Cola profits drop in Q2

NEW YORK: Coca-Cola reported a steep drop in second-quarter profits Tuesday due to a big decline in away-from-home...

Updated 22 Jul, 2020 03:57am

Pakistan

Murtaza rejects reopening of schools in Sindh from August 15

KARACHI: Spokesperson for Sindh government and Advisor for Law, Environment & Coastal Development Barrister...

Updated 22 Jul, 2020 03:15am

Pakistan

Sarwar constitutes six-member inquiry committee

LAHORE: Punjab Governor Chaudhry Muhammad Sarwar has constituted a six-member inquiry committee to review the ...

Updated 22 Jul, 2020 03:14am

Pakistan

Autonomy should be ensured at district and city level: Kamal

KARACHI: Pak Sarzameen Party Chairman Syed Mustafa Kamal on Tuesday said that the tragedy of Pakistan is that the...

Updated 22 Jul, 2020 03:13am

Pakistan

Duty drawbacks: Razak discusses progress on various MoC's initiatives

ISLAMABAD: Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood chaired a meeting on duty...

Updated 22 Jul, 2020 03:13am

Pakistan

PPP won't allow centre to usurp Rs 483 billion of Punjab: Bilawal

LAHORE: Pakistan People's Party (PPP) Chairman Bilawal Bhutto-Zardari has said that the PPP would not allow the...

Updated 22 Jul, 2020 03:11am

Pakistan

Construction of temple: IHC reserves verdict in ICA

ISLAMABAD: The Islamabad High Court (IHC) on Tuesday reserved verdict in Intra-Court Appeal (ICA) challenging the...

Updated 22 Jul, 2020 03:11am

Pakistan

Dr Asim allowed to travel abroad

KARACHI: An accountability court of Karachi on Tuesday again allowed former petroleum minister Dr Asim Hussain to ...

Updated 22 Jul, 2020 03:10am

Pakistan

Suites in Parliament Lodges: Appointment of consultant for construction by August 5

ISLAMABAD: Senate House Committee in its meeting on Tuesday was told that the appointment of consultant for...

Updated 22 Jul, 2020 03:08am

Pakistan

Threat alert issued

ISLAMABAD: Some foreign terrorists have entered Pakistan for kidnapping of some high profile figure for ransom and...